Semi-Trailer Market

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The global semi-trailer market was valued at USD 24.49 Billion in 2016 and is projected to grow at a CAGR of 4.98% from 2017 to reach USD 37.34 Billion by 2025. In this study, 2016 has been considered the base year and 2017–2025 the forecast period for estimating the size of the global market.
The research methodology used in the report involves various secondary sources such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries, semi-trailer suppliers, and manufacturers have been interviewed to understand the future trends in the market. The market size of the individual segments was determined through various secondary sources: industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach has been used to estimate and validate the size of the global market. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments.
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The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
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The semi-trailer market ecosystem consists of manufacturers such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and Great Dane Trailers (US), and research institutes such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).
Target Audience of Semi-Trailer Market
  • Semi-trailer manufacturers
  • Cold supply chain service providers
  • Third party logistics players
  • Automobile organizations/associations
  • Compliance regulatory authorities
  • Government agencies
  • Information Technology (IT) companies & System integrators
  • Investors and Venture Capitalists (VCs)
  • Suppliers of raw material for semi-trailer
  • Traders, distributors, and suppliers of semi-trailer
Less than 3 axles segment is estimated to be the largest segment by number of axles from 2017 to 2025
The market size for semi-trailers with less than 3 axles is expected to be the largest as this type of trailers are preferred in Europe and Asia Pacific. The legally permissible load that can be transported on a semi-trailer depends on the number of axles. Weight limit and Gross Axle Weight Rating (GAWR) depend on state laws and are designed for the safety of the vehicle during operation. Government regulations on weight limits and number of axles are driving the market for less than 3 axles segment.
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North America: Largest market for semi-trailer
North America is projected to be the largest market for semi-trailer in 2017. The market growth in the region can be attributed to numerous factors such as improving road infrastructure, expanding supply chain industry, government regulations on weight carrying capacity and dimensions of semi-trailer, Californias Air Resources Board (CARB) mandates related to semi-trailer aerodynamics and the boom in natural gas industry.
Leading Players Of Semi-Trailer Market
The semi-trailer market is dominated by a few globally established players such as Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and CIMC (China).
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